Investing.com - Telecom Italia (MI:TLIT) reported on Tuesday second quarter earnings that matched analysts' forecasts and revenue that was inline with expectations.
Telecom Italia announced earnings per share of €0.01 on revenue of €3.81B. Analysts polled by Investing.com anticipated EPS of €0.01 on revenue of €3.81B.
Telecom Italia shares are down 30% from the beginning of the year and are trading at €0.3872 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 12.16% from the start of the year.
Telecom Italia follows other major Services sector earnings this month
Telecom Italia's report follows an earnings missed by Inwit on Friday, who reported EPS of €0.06 on revenue of €184M, compared to forecasts EPS of €0.07 on revenue of €189.98M.
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